CAMBRIDGE, Mass., June 5, 2023
/PRNewswire/ -- Cambridge Trust Company, subsidiary of Cambridge
Bancorp (NASDAQ: CATC), announces the hiring of Jeffrey Smith as the head of its wealth
management group. Mr. Smith takes on the role from Jennifer Pline, who will retire at the end of
June.
A seasoned leader in the New England banking market, Mr. Smith
brings over 35 years of experience to Cambridge Trust. His roots in
local banking, combined with expertise in driving new
relationships, puts him in a strong position to lead the company's
wealth management team into the future.
"With a growing footprint in Massachusetts and New Hampshire, we are well poised to deliver
our wealth management capability to clients and prospective clients
in the region," said Denis K.
Sheahan, Chairman, President and CEO. "We are grateful for
the years of leadership that Jennifer has delivered for our wealth
management clients and are excited to welcome Jeff to build upon
that foundation to lead the next phase of growth.
Mr. Smith will work with a team of over 70 professionals and
their colleagues throughout Cambridge Trust to build the premier
private bank and wealth management firm in the region. He most
recently spent over twenty years at Rockland Trust and prior to
that worked at Scudder, Stevens. Mr. Smith holds a B.A. from
University of Vermont and holds CFP and
CRPC designations.
"Cambridge Trust's reputation and history as a conservatively
managed and client-focused institution is well known in the
marketplace. I am delighted to be joining the wealth management
team to bring further growth in high touch, customized personal
solutions to clients as a local bank." said Jeffrey Smith, Head of Wealth Management,
Cambridge Trust. "I'm thrilled to lead the wealth management team
as we accelerate our work with clients and prospects.
For more information, visit www. cambridgetrust.com
About Cambridge Trust
Cambridge Bancorp, the parent company of Cambridge Trust
Company, is based in Cambridge,
Massachusetts. Cambridge Trust Company is a 133-year-old
Massachusetts chartered commercial
bank with approximately $5.5 billion
in assets as of March 31, 2023, and a total of 22
Massachusetts and New Hampshire
locations. Cambridge Trust Company is one of New England's leaders
in private banking and wealth management with $4.3 billion in client assets under management
and administration as of March 31, 2023. The Wealth Management
group maintains offices in Boston,
Massachusetts and Concord,
Manchester, and Portsmouth, New Hampshire.
For more details on Cambridge Trust visit:
www.cambridgetrust.com
Contact:
Danielle Remis Hackel
617.991.5201
danielle.remis@cambridgetrust.com
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SOURCE Cambridge Bancorp